For the second time since voters approved California's massive bullet train project, the state on Tuesday raised the total price tag for the first stretch by several billion dollars -- and now the cost for the entire rail line is on pace to skyrocket to an eye-popping $60 billion to $80 billion or even more.

The latest estimates put the cash-strapped state even further behind in bankrolling its biggest, and one of its most polarizing, public works plans ever, as California struggles to secure funds from shy investors and broke governments. Still, project officials are ramping up to spend billions of dollars to break ground on the rail line in the Central Valley next year and hope to find the rest of the money to pay for the system later. It's a plan state leaders look increasingly likely to veto.

"It could be well into $60 billion, and who knows where it ends. This is really very serious and needs to stop in its tracks," said state Sen. Alan Lowenthal, D-Long Beach, chairman of the Senate committee overseeing the project. "We can't just be acting as if someone's out there giving us wheelbarrows full of money, and it's just coming. This is not the way we should be operating."

The California High-Speed Rail Authority's new cost estimates released Tuesday show the initial stretch of construction between Merced and Bakersfield will cost $10 billion to $13.9 billion depending on how it's built. Project planners had previously pegged the section at $6.8 billion.

If the cost of the entire project balloons at the same pace as the Central Valley section, the San Francisco-to-Anaheim railroad would cost from $63 billion to $87 billion, .. And those figures do not include inflation, which could push the final cost toward a staggering $100 billion.

the initial stretch of construction between Merced and Bakersfield will cost $10 billion to $13.9 billion depending on how it's built.

I can just imagine the droves of people that will be waiting in line to go between those two cities. $10 billion to compete with a trip that would take 3 hours by car. The biggest issues with high speed rail in this country is going to be the ease of car travel and the expense of segregating high speed rail from everything around it. You are going to have to put fencing around it to keep the meth heads from stealing parts of the track. You will also need to build overpasses for every road and then put fencing on those to keep the yutes from throwing things off the overpasses onto the high speed trains.

At those prices even Left Coast Democrats will be bailing on this disaster. Especially now that it is obvious that there will be no giant Federal bailouts. Uncle Sugar is broke. And they can't pay for their 1:1 scale model train layout themselves. Willie Green must be so sad over in Zotland :)

13
posted on 08/10/2011 9:35:54 AM PDT
by GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)

No, no, no, no, you don’t understand, the more expensive it is, the better.

The only error here is to have these estimates come out BEFORE it is begun. THAT is an error. Because once it is begun, all manner of legal constraints that force CA to pay 2x the actual cost should the project be cancelled will be enacted by a corrupt legislature and so it will from then on be cheaper to complete it rather than cancel it no matter how expensive.

Anyone who thinks this project will recover 1/5th of its costs is to be commended for supporting CA’s economy by smoking very high quality marijuana, unless, that is, it was grown out of state.

14
posted on 08/10/2011 9:38:00 AM PDT
by Attention Surplus Disorder
(Both sides need to put aside the partisan bickering, & work out how much free stuff I get)

Thank you Florida Governor Rick Scott. He was blasted for turning down federal funds for HSR because of his concerns of the state's liability for cost overruns. You made the right call and it was the courageous one. (Criticized by Charlie Crist of course.) I bet this news from California will get no coverage in Florida.

Well, sir, there's nothing on earth Like a genuine, Bona fide, Electrified, Six-car Monorail!... What'd I say? Monorail! What's it called? Monorail! That's right! Monorail! I hear those things are awfully loud... It glides as softly as a cloud. Is there a chance the track could bend? Not on your life, my Hindu friend. What about us brain-dead slobs? You'll all be given cushy jobs. Were you sent here by the devil? No, good sir, I'm on the level. The ring came off my pudding can. Take my pen knife, my good man. I swear it's Springfield's only choice... Throw up your hands and raise your voice! Monorail! What's it called? Monorail! Once again... Monorail! But Main Street's still all cracked and broken... Sorry, Mom, the mob has spoken! Monorail! Monorail! Monorail! Monorail! Mono... D'oh!

and now the cost for the entire rail line is on pace to skyrocket to an eye-popping $60 billion to $80 billion or even more.

I'll take "Even More" for $150 Billion Alex.

And a great big "Thank you" to Governor Rick Scott for telling the feds to take their $2 billion and shove it cause we don't need a high speed rail line from Tampa to Orlando because it will cost more than that and taxpayers will have to subsidize it in perpetuity.

Costs rise to between $60 to $80 billion, and the project continues without need for another approval.

It’s now projected it may cost as much as $100 billion total, and yet there is no mechanism to return this to the people for continued approval.

This is absolutely nuts. Let me guess, it’s more jobs for Democrats and will stimulate the economy, while burdening taxpayers still further at a time when we have record unemployment, and businesses fleeing the state in droves.

Welcome to what passes for Democrat (Leftist/Marxist) utopia.

20
posted on 08/10/2011 9:50:43 AM PDT
by DoughtyOne
(The Destroyer is anti-US anti-West anti-Christian anti-Israel and reminiscent of the anti-Christ.)

I think buses would be a better idea. How many buses could you buy for 60 billion? Put televisions on the buses, give them wi-fi, maybe a refreshment vending machine, and they would become really attractive.

They already have the turnpike. They’d have to shut that down to get enough riders to exceed 10 riders. Let me guess, the idea came from Democratic lawmakers from the Tulsa area who will then get a “ride for free” pass, since they are lawmakers.

At this point, it would almost make more sense to build separate HOV lanes on the interstate reserved for self-guiding automated buses that run at 120+ mph. Probably cheaper and much much more innovative.

No, use existing lanes. Increased bus ridership will decrease the number of vehicles on the roads.

Another thought: allow “jitneys” which I think are independently run buses, vans, etc. Right now the regulated public transportation organizations keep out these independents. That establishment would tell us that the independent transporters would be too dangerous.

There used to be, until I think about 1970, a guy who used to dynamite a portion of the california aquaduct in one of the valleys impoverished of water. The theory was he was a displaced farmer who lost his land due to no water in the 30’s after it was syphoned off. I cannot wait for the new vigilante to show up after this albatross is built. I hope they put scoring rings on it too as it would make a great moving target.

29
posted on 08/10/2011 11:29:54 AM PDT
by Mouton
(Voting is an opiate of the electorate. Nothing changes no matter who wins..)

This is such CRAP. It was sold to the voters as self-supporting, not as a taxpayer supported entity. It was sold as a rail line between LA and Sacramento, not a rail line someplace out in the farmlands. It was to be an initial investment of $10 billion and the rest would be picked up by investors. Now it is waaaaaay more and rising.

Foul. Crap. BS. What more can we say. Kill this monster and put us out of our misery.

Glad we turned down the Fed’ s billions for our 80 mile rail system to Disney World. The dems are still complaining about the money we LOST when our governor said no to the FREE money. I think some of the money went to IL and CA...thank you Gov.Scott of FL.

I’m sorry to say that there are many Chamber of Commerce types and others who would call themselves Republicans who think they can plan an economy and spend other people’s money for the “public good”. I don’t know how we ever let politicians get away with this economic development nonsense that employs a bunch of bureaucratic planners to pick winners and losers in business. It’s a gussied up version of the Soviet 5-year plans, and it always fails! Let the free market work!

As for the high speed rail, it seems everybody wants one these days. I have also heard of a proposal for one between OKC and Dallas. The promoters claim that it will bring benefits to all the little towns in between. Huh? If the dang thing stops at every little town, then in what way is it high speed?

Whiskey Tango Foxtrot indeed.

36
posted on 08/10/2011 10:05:21 PM PDT
by Pining_4_TX
( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)

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